Tuesday, November 18, 2014
BCDA Dirty Tactics Still Going On Against CJH DevCo #OnlineBizniz
Once again, the Bases Conversion and Development Authority (BCDA) are gaining their triumphant battle against CJH Development Corp. led by businessman Robert John Sobrepeña. It’s another strategy to discredit them for the final arbitration that comes closer to an end? Again, another dirty tactics of BCDA?
Last week, BCDA celebrated a legal victory after the Court of Appeals overturned a pro-Sobrepeña decision of the Baguio Regional Trial Court in 2012, which issued an injunction against the BCDA’s move to eject the businessman. The Court of Appeals ruled that the P736-million bond posted by the Sobrepeña group for its case in the Baguio RTC, via a firm known as First Integrated Bonding and Insurance Corp., was invalid. According to BCDA, the firm was not accredited by either the Insurance Commission or the Supreme Court to conduct business with any court in the country.
The BCDA’s move to acquire the camp would mean chaos that could ruin the CJHDevco and Camp John Hay as a whole. Besides, BCDA has no right at this moment and should wait for the finality of Baguio RTC and Singapore court.
The BCDA’s playing another dirty propaganda by misleading locators and shareholders when it issued a Notice to Investors claiming the CA had lifted the injunction against BCDA making it appear that CJHDevCo’s no longer in-charge of the camp. The announcement brought panic to CJH DevCo that the camp could be treated by investors as negative element for their revenues.
The CJH DevCo in Baguio City has warned the Bases Conversion and Development Authority (BCDA) from forcibly taking over the area pending the resolution of their case with the Court of Appeals (CA). The warning letter to BCDA has proper declaration done by the camp developers. Any act toward this, whether verbal or physical, only shows a lack of observance and total disregard for due process and the rule of law, the consequence of which shall be harmful and prejudicial to the well-being and safety of our locators, buyers, investors and visitors in the camp.
The CJH DevCo issued a warning letter to BCDA’s Arnel Casanova that any attempt of an illegal takeover of the camp is clearly illegal and criminal. BCDA will observe and respect the legal process and restrain itself from any negative move at present. CJHDevco would defend its rights until the arbitration tribunal in Singapore has rendered a final ruling, and the Baguio RTC has decided the case with finality.
Moreover, BCDA tactics couldn’t be disregard by the present management because of its huge capabilities to discredit and make the battle a winner. They won’t stop pestering CJH DevCo until it’ll give-in to BCDA’s demand.
This announcement adds to the laurels of BCDA in the eyes of the Singaporean tribunal. Which was why, the news could also conform for the argument they are clamoring about.
Even though how hard for CJH DevCo to comprehend, they should always abide by the decision of the court for finality. It’s been their right to stop BCDA’s bullying to balance the court’s decision in the future. For the meantime, restriction for BCDA must be enforced to eliminate harsh take-over.
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